Supply and Appropriation (Main Estimates) Act 2014
Official Summary
To authorise the use of resources for the year ending with 31 March 2015; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2014.
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Overview
This bill, the Supply and Appropriation (Main Estimates) Bill, authorizes government spending and the issuing of funds from the Consolidated Fund for the fiscal year ending March 31, 2015. It details the allocation of resources for various government departments and programs.
Description
The bill sets the limits for government resource usage and fund issuance for the 2014-2015 fiscal year. It increases the authorized resource use by £335,914,586,000, with £302,541,932,000 allocated for current expenses and £33,372,654,000 for capital investments. It also increases the amount the Treasury can issue from the Consolidated Fund by £260,676,983,000 for authorized government expenditure.
The bill details the appropriation of resources and funds across various categories: Departmental Expenditure Limits (DEL), Annually Managed Expenditure (AME), and Non-Budget Voted Expenditure (NBVE). These categories represent different budgeting and spending methods within the government. The bill addresses how income generated by government activities can be used, requiring adherence to Treasury rules and guidelines. It also clarifies how estimated surpluses are handled, ensuring they align with overall financial planning.
Government Spending
The bill authorizes a total of £335,914,586,000 in resource use and £260,676,983,000 in funds from the Consolidated Fund for the fiscal year ending March 31, 2015. The specific breakdown between current and capital expenditure is detailed within the bill itself (Current: £302,541,932,000; Capital: £33,372,654,000).
Groups Affected
This bill affects virtually all UK government departments and agencies, influencing their budgets and spending capabilities for the 2014-2015 financial year. The public is indirectly affected through the funding of public services. Parliament also plays a crucial role as the bill requires parliamentary approval.
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